Leasehold Conveyancing in Drybrook - Get a Quote from the leasehold experts approved by your lender

When it comes to leasehold conveyancing in Drybrook, you will need to appoint a conveyancing lawyer with leasehold experience. Whether your mortgage company is to be Halifax, Yorkshire Building Society or Nationwide make sure you find a lawyer on their panel. Feel free to use our search tool

Drybrook leasehold conveyancing Example Support Desk Enquiries

Having had my offer accepted I require leasehold conveyancing in Drybrook. Before diving in I require certainty as to the number of years remaining on the lease.

If the lease is registered - and almost all are in Drybrook - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title.For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Back In 2004, I bought a leasehold flat in Drybrook. Conveyancing and HSBC Bank mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Drybrook who acted for me is not around.What should I do?

The first thing you should do is contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Drybrook conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

What are your top tips when it comes to finding a Drybrook conveyancing firm to carry out our lease extension conveyancing?

When appointing a property lawyer for your lease extension (regardless if they are a Drybrook conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Drybrook conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. Some following of questions could be of use:

  • What volume of lease extensions have they carried out in Drybrook in the last year?
  • What are the charges for lease extension conveyancing?

  • Do you have any advice for leasehold conveyancing in Drybrook from the point of view of saving time on the sale process?

    • A significant proportion of the frustration in leasehold conveyancing in Drybrook can be bypassed if you instruct lawyers the minute your agents start marketing the property and request that they start to put together the leasehold information needed by the purchasers’ conveyancers.
    • The majority freeholders or managing agents in Drybrook charge for supplying management packs for a leasehold homes. You or your lawyers should find out the fee that they propose to charge. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Drybrook.
  • If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example installed wooden flooring? Drybrook leases often stipulate that internal structural alterations or installing wooden flooring necessitate a licence from the Landlord approving such alterations. Where you fail to have the paperwork in place do not contact the landlord without checking with your conveyancer before hand.
  • Some Drybrook leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers.
  • You may think that you are aware of the number of years left on your lease but you should verify this via your solicitors. A purchaser's lawyer will be unlikely to recommend their client to where the lease term is below 75 years. It is therefore important at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.

  • In relation to leasehold conveyancing in Drybrook what are the most frequent lease problems?

    Leasehold conveyancing in Drybrook is not unique. All leases are unique and drafting errors can result in certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:

    • Repairing obligations to or maintain elements of the building
    • A duty to insure the building
    • A provision for the recovery of money spent for the benefit of another party.
    • Service charge per centages that don't add up correctly leaving a shortfall

    A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Nationwide Building Society, Virgin Money, and Aldermore all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to withdraw.

    Drybrook Leasehold Conveyancing - A selection of Queries Prior to Purchasing

      You should want to find out as much as you can about the managing agents as they will either make your living at the property much simpler or problematic. Being a leasehold owner you are frequently at the mercy of the managing agents both financially and when it comes to every day matters like the cleanliness of the communal areas. You should not be afraid to ask other people if they are happy with their management. On a final note, investigate as to the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes. Who takes charge for maintaining and repairing the building? This information is important as a) areas could cause problems for the building as the communal areas may begin to deteriorate where maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to have complete disclosure

    Other Topics

    Lease Extensions in Drybrook